This article examines the flexibility of the Johnson system of distributions by assessing its per-formance in terms of modeling crop yields for the purpose of setting actuarially fair crop in-surance premiums. Using data from corn farms in Illinois coupled with Monte Carlo simula-tion...

Rubinstein developed a binomial lattice technique for pricing European and American derivatives in the context of skewed and leptokurtic asset return distributions. A drawback of this approach is the limited set of skewness and kurtosis pairs for which valid stock return distributions are...

The Omega performance measure is equiped with the original family of Johnson distributions. Explicit representations for Omega or Sharpe with all four Johnson cumulated densities were derived to construct portfolios with respect to 4 mutually independent moments. Additionally, decompositions of...

The purpose of this paper is to analyze the gap risk of dynamic portfo- lio insurance strategies which generalize the "Constant Proportion Port- folio Insurance " (CPPI) method by allowing the multiple to vary. We illustrate our theoretical results for conditional CPPI strategies indexed on...

Quinoa is considered a strategic crop because it is well adapted to the adverse abiotic conditions of the Bolivian Altiplano; however, the average yield is low. Previous studies have demonstrated that quinoa yield would increase with deficit irrigation technology. Nevertheless, to irrigate...

Quinoa is considered a strategic crop because it is well adapted to the adverse abiotic conditions of the Bolivian Altiplano; however, the average yield is low. Previous studies have demonstrated that quinoa yield would increase with deficit irrigation technology. Nevertheless, to irrigate...